Beijing objects to U.S. 'long-arm' sanctions for trade with DPRK

Beijing objects to U.S. 'long-arm' sanctions for trade with DPRK

Experts say the USA decision to put North Korea back on its terrorism blacklist will have limited practical effect, but may make a diplomatic solution of the standoff over its nuclear weapons program more hard.

The U.S. Treasury announced the action one day after President Donald Trump put North Korea back on a list of state sponsors of terrorism, on its website.

The Treasury Department's Office of Foreign Assets Control (OFAC) sanctioned one individual, 13 entities, and 20 vessels on November 21 in a bid to disrupt funding for North Korea's nuclear and ballistic missile programs.

Passengers flying from Beijing to North Korea are now left with just three regularly scheduled flights each week, on the North Korean state airline Air Koryo.

The sanctions prohibit US companies from doing any business with the designated entities and individuals.

Japan's leader has welcomed America's re-designation of North Korea as a state sponsor of terror.


The US designation only made North Korea more committed to retaining its nuclear arsenal, the official said.

The direct impact on listed companies may be limited as trade between China and its isolated northern neighbour has slowed substantially since the United Nations imposed a ban in September on North Korean exports of coal, iron, iron ore, lead, lead ore and seafood. In recent months, the North conducted its most powerful nuclear test yet and tested a pair of intercontinental ballistic missiles that could potentially reach the US mainland if perfected. Trump said the designation is long overdue, and promised a new wave of sanctions as part of a maximum-pressure campaign.

The United States has urged China to do more to press North Korea to stop what the United States sees as belligerent defiance of U.N. resolutions.

Japan is increasingly nervous about North Korean advances in developing nuclear weapons.

The Treasury designated North Korea's Korea South-South Cooperation Corporation for exporting workers from North Korea to generate revenue for the regime.

The new sanctions also hit several North Korean companies that send workers to countries such as Russia, Poland, Cambodia and China.

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